Resort Development Opportunity for Sale, Castara, Tobago

Resort Development Opportunity

This 49.23 acre parcel of land for sale in Tobago is situated in the north west of the island, in the village of Castara. The site extends from the edge of the rainforest reserve to a private beach at Castara Bay on the sheltered north-western Caribbean coast. Enjoying an elevated location, the site boasts panoramic beach, sea, and sunset views.

Existing Structures

The site includes 4 existing buildings that could be renovated:

• One shop on the main road with a self-contained apartment.
• One 4-bedroom, 2-bathroom concrete two-story building.
• One two-story concrete/wooden building with 4 self-contained apartments and large concrete decks overlooking the private beach.
• One concrete storeroom.

These structures previously functioned as guest house accommodation and are structurally sound, requiring only cosmetic updates and management.

Redevelopment Potential

Plans have been developed for an eco-friendly, 180-key residential resort development that respects Tobago’s unique features and the southern Caribbean environment. The proposed design is environmentally sensitive and sustainable, maximizing natural elements like sea and land breezes, indigenous plants, and retaining mature trees. The site could accommodate a beach club and 180 guest pavilions nestled within the forest.

Ideal Location

Castara is a high-demand tourist area, known for some of the best diving in the Caribbean, excellent fishing, and exhilarating hiking, making it an ideal location for this type of resort development.